Sky Dayton Pulls an Earthlink, Steps Down as Helio CEO

Helio founder and CEO Sky Dayton (pictured right) has announced he’s stepping down at the cell phone provider. The serial entrepreneur and Earthlink founder isn’t going far though — Dayton is moving into the role of company chairman. Meanwhile, Wonhee Sull, Helio’s former president and chief operating officer, is slated to take the reins as CEO.

Although it might set off alarms for those following the MVNO provider, Dayton is no stranger to switching hats. He made the exact same move at Earthlink two years into his role as CEO, turning over the day-to-day operations to Charles Betty right as the ISP hit its stride.

So, does this mean that Helio and its MVNO business model are finally quickening pace?

"Helio has reached a point in its development where I feel the timing is right for this change," Dayton said of the move. "As we have for the past three years, [Sull and I] will continue to define Helio’s direction and future."